NETGEAR Q4 revenue $188.7M, at high end of guidance; 877K paid subscribers

NETGEAR, INC.

2023-FY EPS reported -$3.57 revenue$740,840,000

Q4 net revenue $188.7M, down 24.3% YoY; non-GAAP operating income $2.7M vs loss of $3.9M YoY.
Non-GAAP EPS $0.09 vs ($0.03) YoY; GAAP net loss per diluted share $0.06 vs ($0.21) YoY.
Paid subscribers reached 877,000; service revenue $11.0M, up 27.7% YoY.
Cash and short-term investments grew $55.6M sequentially; premium CHP products rose over 30% YoY.
Q1 2024 guidance: revenue $155M-$170M; non-GAAP operating margin (8.5)% to (5.5)%.

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